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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Assets    
Fixed maturities, available-for-sale, at fair value (amortized cost of $327,910 and $214,505, respectively) $ 330,489 $ 214,045
Short-term investments (amortized cost of $18,121 and $—, respectively) 18,121 0
Total investments 348,610 214,045
Cash and cash equivalents 203,902 173,220
Restricted cash 40,217 6,052
Premiums receivable, net 45,031 51,594
Accrued investment income 3,458 2,174
Prepaid reinsurance premiums 275,093 268,254
Reinsurance recoverable, net 269,056 462,097
Property and equipment, net  5,718 1,843
Right-of-use assets – operating leases  449 2,498
Deferred income tax asset, net 8,636 0
Other assets 24,904 16,368
Total assets 1,225,074 1,198,145
Liabilities:    
Unpaid losses and loss adjustment expenses 266,591 475,708
Income tax payable 2,680 11,873
Unearned premiums 481,557 421,881
Reinsurance payable 78,526 56,348
Advance premiums 11,752 6,561
Deferred income tax liability, net 0 1,122
Long-term debt 618 1,029
Lease liabilities – operating leases  458 2,612
Deferred policy acquisition costs, net of unearned ceding commissions 12,902 31,931
Other liabilities and accrued expenses 32,968 26,688
Total liabilities 888,052 1,035,753
Shareholders' equity    
Common stock, $0.001 par value, 100,000,000 shares authorized, 19,579,009 shares issued and outstanding at December 31, 2025 and 12,904,495 shares issued and outstanding at December 31, 2024 [1] 20 13
Additional paid-in capital [1] 105,896 10,274
Accumulated other comprehensive income (loss), net of taxes [1] 1,928 (327)
Retained earnings [1] 229,178 152,432
Total shareholders’ equity [1] 337,022 162,392
Total liabilities and shareholders’ equity $ 1,225,074 $ 1,198,145
[1] Both the number of shares outstanding and their par value have been retrospectively recast for all prior periods presented to reflect
the par value of the outstanding stock of American Integrity Insurance Group, Inc. as a result of the Corporate Contribution. See
Note 1 — “Nature of Operations and Basis of Presentation” and Note 15 — “Earnings Per Share.”